Google Ventures got an early Christmas present, scoring $1.5 billion in new funds from parent Google to bankroll start-ups through 2017.
Serving as Google’s corporate investing arm since 2009 Google Ventures GOOG +0.32% invests in virtually every stage and sector from health care and energy to mobile and consumer Internet companies. Investing for financial–not strategic–reasons, Google Ventures previously invested $200 million a year in companies including online vacation rental site HomeAway (now public) , energy company Nest Labs and personal genetics company 23andMe.
Announced in a tweet during a Thursday gathering of 100 or so of its portfolio companies at the Googleplex, the $100 million annual increase gives the firm extra gunpowder to fuel growth in existing portfolio companies and scout for new, later stage deals.
To read the full, original article click on this link: Google Ventures Scores $1.5B For Investments Through 2017 - Venture Capital Dispatch - WSJ
